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Case Corporation Selects Art's-Way to Product Case IH Tillage Equipment
RACINE, Wis. (May 15, 1997) -- Case Corporation has entered into an agreement with Art's-Way Manufacturing Co., Inc., Armstrong, Iowa, to produce selected Case IH tillage equipment. Included in the agreement are Case IH moldboard plows, rippers, rotary hoes and combo-mulch finishers.
Case will continue to manufacture planting and seeding equipment at the Case plant in Hamilton, Ontario, as well as the Concord facility in Fargo, N.D. Case acquired Concord in 1996.
"This is an excellent arrangement for Case IH and our customers," said John Garrison, general manager of the Case Agricultural Systems Business Unit. "It enables us to continue to supply our customers' needs for tillage equipment, while creating capacity at our Hamilton, Ontario, plant for our technologically-advanced planting equipment and for further development of new products."
Within the agricultural implement business alone, Case has added 21 new products within the last 18 months. In addition, the company has committed nearly $1 billion to new product development over the next four years.
"A portion of Case's investment in research and development will be allocated specifically to the agricultural implement business, so we expect continued growth in this area," he added.
Under the partnership agreement, Case will retain exclusive ownership and design control of the Case IH tillage products produced by Art's-Way.
"Art's-Way has been a supplier of Case IH livestock production equipment for many years. They are an excellent manufacturing partner for Case, and we're very pleased with this expanded relationship," Garrison said.
Case IH tillage implements are currently produced at the Case plant located in Hamilton, Ontario. Transfer of planting equipment production to Hamilton from Case's East Moline, Ill., plant in 1995, combined with increased sales, led to the agreement with Art's-Way as a means of adding capacity.
Case, a leading worldwide designer, manufacturer and distributor of agricultural and construction equipment, is headquartered in Racine, Wis. The company had 1996 revenues of $5.4 billion, and its products are sold through a network of about 4,900 independent dealers and distributors in more than 150 countries. Case Credit Corporation, a wholly owned subsidiary of the company, services a portfolio of $4.3 billion of agricultural and construction equipment financing and leasing contracts.
For more information about Case, visit its Web site at http://www.casecorp.com.
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